Can I resign (not retire) and withdraw all my CSRS retirement funds?
It depends. Prior to October 1, 1994, federal employees entering retirement could receive a payment equal to the value of the contributions they made to the retirement program over their careers as a single, tax-free lump sum payment, with annuity payments then reduced. But now, this “lump-sun option” exists only for federal employees who have conditions resulting in a life expectancy of less than two years and who are not taking disability retirement.
This response is written by James P. Garay Heelan, associate attorney of Shaw Bransford & Roth PC.
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